State Dept Clears Lithuania’s $55M Raytheon-Lockheed Javelin Missiles Purchase Request

MissileLaunchStockThe State Department has approved the sale of Javelin missiles worth $55 million to Lithuania under a foreign military sales agreement with the U.S. government.

Lithuania ordered 220 Javelin missiles, 10 Javelin fly-to-buy missiles and 74 Javelin command launch units from the U.S. government, the Defense Security Cooperation Agency said Friday.

The Lithuanian government intends for the missile to bolster its military in an effort to protect the country’s border and coordinate security with other Baltic nations.

The Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) Javelin joint venture will serve as the prime contractor for the project.

You may also be interested in...

F-35 Lightning II

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

strategic partnership

DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership

Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.